Circular Economy

At the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, Multilateral Development Banks (MDBs) presented their first joint report on the circular economy: “The circular economy in motion”.

During a plenary debate of the Committee of the Regions with European Investment Bank (EIB) Group President Nadia Calviño, the two institutions renewed their common goal to promote convergence and economic growth across the EU’s regions, both in urban and rural areas, with a special effort to support affordable housing and social infrastructure.

At the World Circular Economy Forum 2024, the European Investment Bank (EIB) and the European Commission announced the upscaling of the Circular City Centre – C3. C3 is a competence and resource centre that supports cities in their transition to a circular economy – one where products and materials are used for as long as possible and waste is minimised. Following a 15-month pilot phase, C3 will now broaden its scope and continue until 2027 at least. C3 is funded under the InvestEU Advisory Hub mandate.